TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

VEHICLE MONEY [1 record]

Record 1 2011-04-04

English

Subject field(s)
  • Coins and Bank Notes
  • Banking
  • Currency and Foreign Exchange
DEF

A currency in which the Bank of Canada borrows and simultaneously enters into a currency swap in order to convert the vehicle currency liability into a liability denominated in another currency (a so-called target currency).

CONT

Cross-currency deals passing through a vehicle currency should be recorded as two separate transactions against the vehicle currency.

French

Domaine(s)
  • Pièces de monnaie et billets de banque
  • Banque
  • Politique monétaire et marché des changes
CONT

Les échanges de devises effectués à l'aide d'une monnaie intermédiaire doivent être déclarés comme deux opérations distinctes de change par rapport à la monnaie intermédiaire.

Spanish

Campo(s) temático(s)
  • Monedas y billetes
  • Operaciones bancarias
  • Política monetaria y mercado de cambios
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